A. Definition
1 A company limited by shares is a company with its own business name whose pre-determined capital (share capital)1 is divaided into specific amounts (shares) and whose liabilities are payable only from the company assets.
2 The shareholders are required only to fulfil the duties specified in the articles of association and are not personally liable for the company’s obligations.
3 A company limited by shares may also be established for a purpose that is non-commercial in character.
1 Term in accordance with No II 1 of the FA of 4 Oct. 1991, in force since 1 July 1992 (AS 1992 733; BBl 1983 II 745). This amendment has been taken into account throughout the Code.
III. Contribution de l’associé indéfiniment responsable
Lorsque l’actif social est insuffisant pour désintéresser les créanciers de la société, ces derniers ont le droit de poursuivre le paiement de ce qui leur reste dû sur les biens personnels de chacun des associés indéfiniment responsables, en concurrence avec les créanciers personnels de ceux-ci.
